More on rising college costs
Tuition at the average four-year public school is 7.1 percent higher than it was last fall, rising much faster than wages and most other costs. Average earnings have risen only 2.3 percent in the past year, while the overall consumer price index is up 4.7 percent in the last 12 months, largely on spiking energy costs.
Making matters worse for students, public colleges raised their room and board bills by 6.2 percent. The full cost of a year of study, including books, transportation and extras, averages $15,566 for an in-state student now, $926 more than last year.
The price rise for private colleges is slightly less, with tuition up 5.9 percent and other charges rising 5 percent. But the total sticker price is still a hefty $32,070 for a year of study, up $1,621 from last year.
They also report that there has been an increase in aid given out, but it's not enough;
Unfortunately, however, much of the increase in aid is simply keeping pace with the increased number of students enrolling in college. Congress hasn't increased the amount of the Pell grant in years, for example. As a result, the real cost of a degree continues to skyrocket along with the sticker price.
The poor and middle class squeeze continues. But hey, at least the rich got a tax break!